Chartered Accountants & Tax Advisers in Weybridge, Surrey
May 2012
The government is proposing to restrict tax reliefs available to individuals such as charitable giving. Currently individuals can offset their entire income against income tax reliefs, and as a result may pay no income tax at all. It was announced … Continue reading
May 2012
HMRC are consulting on changing the rules on hot takeaway food to ensure that all food (with the exception of freshly baked bread) that is above ambient air temperature when provided to the customer is standard rated. Currently the rules … Continue reading
May 2012
HMRC have updated their guidance on Real Time Information (RTI). This new system of monthly PAYE returns is to be piloted from April 2012 and is expected to be compulsory for all employers from October 2013. If you would like … Continue reading
May 2012
HMRC are urging anyone who has still not completed their 2010/11 self assessment tax return to send it online before the end of April, or be charged daily penalties from 1 May. Anyone whose return is more than three months … Continue reading
May 2012
HMRC are reminding employers that in order to avoid penalties they must file the Employer Annual Return (P35 and P14s) online and on time. The vast majority of employers must file electronically and the deadline for submission of the forms … Continue reading
May 2012
According to the latest statistics issued by the Office of National Statistics: ‘The unemployment rate was 8.3% of the economically active population, down 0.1 on the quarter. There were 2.65 million unemployed people, down 35,000 on the quarter. This is … Continue reading
May 2012
The forms P11D, and where appropriate P9D, which report employees and directors benefits and expenses for the year ended 5 April 2012, are due for submission to HMRC by 6 July 2012. The process of gathering the necessary information can … Continue reading
April 2012
The Chancellor George Osborne has launched the National Loan Guarantee Scheme (NLGS), which is designed to help ‘smaller businesses’ across the UK access cheaper finance. The loans will be available to businesses with an annual group turnover of up to … Continue reading
April 2012
The government has accepted the Low Pay Commission’s recommendations for National Minimum Wage rates from 1 October 2012. From 1 October 2012: the adult minimum wage rate will increase from £6.08 to £6.19 an hour the youth development rate will … Continue reading
April 2012
HMRC have updated their guidance on Gift Aid declarations and provided new model declarations. They have also developed a new checklist of the minimum information to be included in a declaration if a charity decides to create and use its … Continue reading
